Ghana has recorded a Ghc 15.8 billion rise in its public debt in July 2025, sending its total public debt now to Ghc 628.8 billion.
Latest summary of economic and financial data released by the Bank of Ghana.
According to the data released for September 2025, the increase, equivalent to 44.9% of Gross Domestic Product (GDP) comes after three consecutive months of declines driven by the strong appreciation of the cedi earlier in the year.
The July figure compares with GH¢613 billion in June and GH¢769.4 billion in March, highlighting the volatility of the debt trajectory amid exchange rate movements.
External debt was broadly flat at $29.0 billion in July, representing 21.8% of GDP.
However, domestic debt rose to GH¢323.7 billion or 23.1% of GDP, from GH¢312.7 billion a month earlier.
On the fiscal side, Ghana posted a deficit-to-GDP ratio of 1.4% in July, while the primary balance showed a surplus of 0.7%, the data showed.
The figures signal both the pressure from rising domestic borrowing and the temporary relief from currency-driven valuation effects.
Source:Africa Publicity